Group 1 - Domestic futures market for oilseeds and oils showed a downward trend, with soybean futures experiencing a significant drop of 4.63%, settling at 3544.00 CNY/ton [1] - As of September 19, the inventory of imported soybeans in major domestic oil mills was 7.52 million tons, reflecting a week-on-week decrease of 320,000 tons and a month-on-month decrease of 30,000 tons, but a year-on-year increase of 50,000 tons compared to the past three-year average [2] - The U.S. soybean good-to-excellent rating was reported at 61%, lower than the market expectation of 62%, and down from 63% the previous week and 64% the same time last year [2] Group 2 - New Century Futures predicts a short-term rebound for soybean futures, but a medium-term bearish trend, influenced by drought conditions affecting U.S. soybeans and high inventory levels in domestic oil mills [3] - The report highlights that the supply of soybeans is abundant, with domestic oil mills operating at high capacity, leading to pressure on soybean meal inventories [3] - Future supply expectations are influenced by U.S.-China trade relations, the realization of U.S. soybean yields, and adjustments in the purchasing rhythm and direction of domestic firms [3]
国内油厂开工率高位 预计豆二期货震荡偏空运行
Jin Tou Wang·2025-09-23 06:54